Tag: banks

NEW YEAR STATEMENT BY THE NEWS LINE EDITORIAL BOARD THE News Line Editorial Board sends revolutionary greetings for 2019 to all our readers, to the...

IT IS almost exactly one year since the dramatic collapse into bankruptcy and compulsory liquidation of the giant outsourcing and construction company Carillion. At the...

JUST TEN YEARS after the 2008 great banking disaster began – with the working class still paying the price for it with massively...

CAPITALISTS are quaking in their boots at the prospect of the next worldwide banking crash. All eyes are on Italy going the same...

EUROPEAN Union leaders have said the Brexit withdrawal agreement with the UK is ‘not open for renegotiation’, after appeals from PM Theresa May. She...

THERESA May’s leadership crashed and burned on Monday when she suddenly announced that there would be no vote on her deal with the EU....

IN PARIS, on Saturday, against the advice of the more moderate members of the ‘Yellow Vests’ movement, 10,000 French workers and youth demonstrated their...

MORE than 130,000 homeless children will be living in temporary accommodation this Christmas in Britain, according to estimates by the homeless charity Shelter. In...

A ‘ROGUE’ landlord has been threatened by a judge with nine years in jail if he doesn’t pay a record-breaking £1.5 million fine for...

BRITISH parliamentary democracy was exposed as nothing more than a chaotic and rapidly collapsing sham on Tuesday when, for the first time in history,...

OH HOW the mighty have fallen! ‘Emperor Macron’, in the tradition of Napoleon III, has made no secret that he considers himself the master...

THE FINANCIAL ‘doom loop’ that is tightening around the necks of the Italian banking system will send the Italian banks and the Italian...

THE LABOUR Party is backing a cross-party bid to ensure the UK cannot leave the EU without a deal, knifing in the back the...

SPEAKING at the Policy Exchange in London this week Alan Greenspan, former head of the US Federal Reserve Bank, issued his direst warning about...

A REPORT this week from the Equality and Human Rights Commission into the effects of Tory austerity cuts has brought home the fact that...

PM May has now created a massive political crisis in the UK by revealing her real position on Brexit. For over a year...

YESTERDAY, the Tories announced their latest ploy to try and convince the country that in the face of all the evidence they actually support...

DESTITUTION under May’s crippled Tory government is soaring to levels not seen since the Victorian times. The roll-out of Universal Credit has created...

EVEN before Theresa May stood up to deliver her statement yesterday on the Brexit deal, she had agreed with the EU her government was...

NEGOTIATIONS over the UK’s departure from the EU are ‘now in the endgame’, according to PM May, with both sides ‘working through the night...

LIBERTY has welcomed Monday’s (12th November), ‘huge legal victory’ which protects NHS patients by pulling doctors out of the Tory government’s hostile environment policy. A...

WITH THE Tory government of Theresa May staggering from one crisis to another this week over the issue of Brexit, the desperation of the...

THAT BANKRUPT British capitalism and imperialism is unable to stand on its own two feet anymore is obvious. It faces the prospect of the...

WITH the crisis of capitalism deepening, the UK bosses and bankers are using the US trade war, the developing banking collapse and slump (on...

THREE children were killed in air strikes carried out by the US-led coalition on the small Syrian town of Al-Shaafah in the Deir...

‘WE WILL proudly break the sanctions,’ Iranian leader President Hassan Rouhani said defiantly at a meeting of economic officials yesterday, describing the new wave...

OVER 100 workers, trade unionists and youth attended the rally at the Indian YMCA in Fitzroy Square, central London on Sunday to mark...

PALESTINIAN Arabic dailies on Friday highlighted the Israeli government’s approval of the construction of new settlement units in the heart of Hebron’s old city....

JOSHUA Ogunleye, the WRP General Secretary, told the over 100-strong News Line 49th Anniversary rally yesterday: ‘Workers and young people hate capitalism! ‘This is...

THE CEDAR CENTRE, the chemotherapy unit at the King George Hospital in Ilford is to shut down on November 12th, because it cannot find...

TRAIN drivers’ union ASLEF’s general secretary, Mick Whelan, has written an article reasserting the union’s commitment to withdrawing from the European Union. It was written...

THE UK’s largest car maker, Jaguar Land Rover (JLR), yesterday announced a massive pre-tax loss of £354 million for the six months to September...

TORY chancellor Philip Hammond made a climb down in his budget speech yesterday to Theresa May, but there was no climb down over continuing...

AUDIT Scotland, the public spending watchdog for Scotland, has issued a damning report on the NHS funding crisis, which it states is in a...

ITALY is now on a collision course with the EU. The European Commission has issued an ultimatum insisting that the country’s budget plan does...

ON WEDNESDAY this week, the Tory government whipped its MPs to vote down a motion from the Labour Party calling for the release of...

NOW that the ex-Brexit negotiator Davis has called for the Cabinet to rise up against the May government’s permanent Customs Union, and her plan...

THE International Monetary Fund’s Financial Stability Report has given its second warning in 24 hours about a new financial catastrophe that it sees coming...

A RECENT analysis by Sky News has shown that the ‘recovery’ of British capitalism since the world banking crash in 2008 is actually smaller...

AFTER her ‘Dancing Queen’ performance at the Tory Party conference, which acted as an introduction to extreme grovelling to Labour’s right wing, praising...

TEN YEARS on from the banking crash that brought the world’s financial system to the very edge of going over the fiscal cliff, the...

THE sight of PM May ‘dancing’ onto the Tory Party conference podium’ no doubt celebrating that she had survived the Tory Party conference thus...

A SHOCKING study carried out by the GMB union released yesterday showed that almost one in ten school staff bring in their own food...

TO THE ALARM and anger of all those Labour supporters who voted to break from the EU, Labour is swiftly and openly becoming...

THE BANKRUPTCY last January of Carillion, Britain’s largest construction company, is going to cost the working class more than £150 million on top of...